9
April 2024
Alfa Financial Software
Holdings PLC
Long Term Incentive Plan
Award
Award under the Deferred
Bonus Share Plan
Long Term Incentive Plan
Alfa Financial Software Holdings PLC
(the "Company") announces that under the Company's 2017 Long Term
Incentive Plan ("LTIP"), the following awards (the "2024 Awards" or
the "Awards") were granted on 9 April 2024.
|
Name
|
Position
|
Number of
shares subject to award
|
|
Duncan Magrath
|
Chief Financial Officer
|
261,411
|
|
Matthew White
|
Chief Operating Officer
|
140,127
|
The vesting date for the 2024 Awards
is 9 April 2027, being the third anniversary of the award
date. The 2024 Awards are in the form of a conditional share
award and vesting will be in accordance with performance
conditions. No consideration is payable for the grant of an
Award.
Deferred Bonus Share Plan
The Company announces that under the
Company's Deferred Bonus Share Plan ("DBSP"), the following awards
(the "DBSP Awards") were awarded on 9 April 2024.
|
Name
|
Position
|
Number of
shares subject to award
|
|
Duncan Magrath
|
Chief Financial Officer
|
22,714
|
|
Matthew White
|
Chief Operating Officer
|
18,562
|
The Company's remuneration policy
provides that not less than 50% after tax of any annual bonus
awarded to Executive Directors shall be deferred into an award of
shares under the DBSP. The 2024 DBSP Awards are in the form of net
bonus shares, i.e. shares issued to the Executive Directors which
are subject to restrictions on transfer and a risk of forfeiture
until they are released on 9 April 2027, being the third
anniversary of the award date. There are no further performance
conditions associated with this award.
Duncan Magrath and Matthew White
have informed the Company that they will, with the approval of the
Remuneration Committee, transfer 22,714 and 18,562 shares
respectively to their spouse for nil consideration.
The information contained in this
notification is disclosed in accordance with the requirements of
the UK Market Abuse Regulation.
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Duncan Magrath
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Financial Officer
|
|
b)
|
Initial notification
/Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Alfa Financial Software Holdings
PLC
|
|
b)
|
LEI
|
213800C5UOZHUTNUGA28
|
|
4
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial
instrument, type of instrument
|
Alfa Financial Software Holdings
PLC
Ordinary share of £0.001
each
|
|
|
|
|
Identification code
|
GB00BDHXPG30
|
|
|
|
|
b)
|
Nature of the transaction
|
Grant of a conditional share award
under the 2017 Alfa Financial Software
Holdings PLC LTIP
|
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
|
nil
|
261,411
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
|
|
|
|
|
- Aggregated volume
|
As above
|
|
|
|
|
- Price
|
|
|
|
|
|
e)
|
Date of the transaction
|
9 April 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Matthew White
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Operating Officer
|
|
b)
|
Initial notification
/Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Alfa Financial Software Holdings
PLC
|
|
b)
|
LEI
|
213800C5UOZHUTNUGA28
|
|
4
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial
instrument, type of instrument
|
Alfa Financial Software Holdings PLC
Ordinary share of £0.001 each
|
|
|
|
|
Identification code
|
GB00BDHXPG30
|
|
|
|
|
b)
|
Nature of the transaction
|
Grant of a conditional share award
under the 2017 Alfa Financial Software
Holdings PLC LTIP
|
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
|
nil
|
140,127
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
|
|
|
|
|
- Aggregated volume
|
As above
|
|
|
|
|
- Price
|
|
|
|
|
|
e)
|
Date of the transaction
|
9 April 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Duncan Magrath
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Financial Officer
|
|
b)
|
Initial notification
/Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Alfa Financial Software Holdings
PLC
|
|
b)
|
LEI
|
213800C5UOZHUTNUGA28
|
|
4
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial
instrument, type of instrument
|
Alfa Financial Software Holdings PLC
Ordinary share of £0.001 each
|
|
|
|
|
Identification code
|
GB00BDHXPG30
|
|
|
|
|
b)
|
Nature of the transaction
|
Issue of ordinary shares (net bonus
shares) under the Alfa Financial Software
Holdings PLC DBSP
|
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
|
nil
|
22,714
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
|
|
|
|
|
- Aggregated volume
|
As above
|
|
|
|
|
- Price
|
|
|
|
|
|
e)
|
Date of the transaction
|
9 April 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Matthew White
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Operating Officer
|
|
b)
|
Initial notification
/Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Alfa Financial Software Holdings
PLC
|
|
b)
|
LEI
|
213800C5UOZHUTNUGA28
|
|
4
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial
instrument, type of instrument
|
Alfa Financial Software Holdings PLC
Ordinary share of £0.001 each
|
|
|
|
|
Identification code
|
GB00BDHXPG30
|
|
|
|
|
b)
|
Nature of the transaction
|
Issue of ordinary shares (net bonus
shares) under the Alfa Financial Software
Holdings PLC DBSP
|
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
|
nil
|
18,562
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
|
|
|
|
|
- Aggregated volume
|
As above
|
|
|
|
|
- Price
|
|
|
|
|
|
e)
|
Date of the transaction
|
9 April 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Nicola Magrath
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
PCA of Duncan Magrath
|
|
b)
|
Initial notification
/Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Alfa Financial Software Holdings
PLC
|
|
b)
|
LEI
|
213800C5UOZHUTNUGA28
|
|
4
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial
instrument, type of instrument
|
Alfa Financial Software Holdings PLC
Ordinary share of £0.001 each
|
|
|
|
|
Identification code
|
GB00BDHXPG30
|
|
|
|
|
b)
|
Nature of the transaction
|
Agreement for transfer of shares
from Duncan Magrath (Spouse) for nil consideration
|
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
|
nil
|
22,714
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
|
|
|
|
|
- Aggregated volume
|
As above
|
|
|
|
|
- Price
|
|
|
|
|
|
e)
|
Date of the transaction
|
9 April 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Polly White
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
PCA of Matthew White
|
|
b)
|
Initial notification
/Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Alfa Financial Software Holdings
PLC
|
|
b)
|
LEI
|
213800C5UOZHUTNUGA28
|
|
4
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial
instrument, type of instrument
|
Alfa Financial Software Holdings PLC
Ordinary share of £0.001 each
|
|
|
|
|
Identification code
|
GB00BDHXPG30
|
|
|
|
|
b)
|
Nature of the transaction
|
Agreement for transfer of shares
from Matthew White (Spouse) for nil consideration
|
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
|
nil
|
18,562
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
|
|
|
|
|
- Aggregated volume
|
As above
|
|
|
|
|
- Price
|
|
|
|
|
|
e)
|
Date of the transaction
|
9 April 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|
For further information:
|
Alfa Financial Software Holdings PLC
Charlotte Caulfield
Company Secretary
|
+44 (0)20
7588 1800
|
LEI
Number: 213800C5UOZHUTNUGA28
Notes to Editors
Alfa has been delivering software
systems and consultancy services to the global asset and automotive
finance industry since 1990. Our best practice methodologies
and specialised knowledge of asset finance facilitates delivery of
large software implementations and highly complex business change
projects. With an excellent delivery track record now into
its fourth decade, Alfa's experience and performance is unrivalled
in the industry.
Alfa Systems, our class-leading
technology platform, is at the heart of some of the world's largest
asset finance companies. Key to the business case for each
implementation is Alfa Systems' ability to replace multiple
customer systems with our single platform. Alfa Systems supports
both retail and corporate business for auto, equipment, wholesale
and dealer finance on a multijurisdictional basis, including
leases/loans, originations and servicing. An end-to-end solution
with integrated workflow and automated processing using business
rules, Alfa Systems provides compelling solutions to asset finance
companies.
Alfa Systems is currently live in 37
countries. Alfa has offices in Europe, Australasia and North
America. For more information, visit
www.alfasystems.com.